The Board of Directors of USA Real Estate Holding Company (Pinksheets: USTC) a holding company of oil & gas production and movie production, today announces that the Board has approved a stock-for-stock acquisition of up to 39.9% of Seymour Riverside Productions, Inc. The Company will issue 500 million new shares of common stock for just under 40% of the target company.
Company chairman & president Jeffrey R. Bruhjell said “we have a variety of interests in movie production as well as oil & gas production. We plan to move forward with the acquisition stage of deals we have been involved in for a year now.”
Seymour Riverside Productions, Inc., is an independent motion picture studio in the business of developing, producing, marketing, and distributing low-budget feature-length films to movie theaters and ancillary markets all over the world. Since inception, our focus has been on developing our business plan, and acquiring options on literary works and screenplays that can be produced into commercially salable feature-length motion pictures at a cost not to exceed $1 million.
During 2014, Seymour Riverside Productions partially funded a feature length movie shot in El Salvador, The Crow’s Nest (Malacrianza), currently going through the film festival process with an expected theatrical release in 2015. We also took a sizable position in a short, Meridian, that is in post production right now.
Company: 406-322-3844 http://www.sierracora.com or info@sierracora.com
Further information can be obtained by contacting our Investor Relations firm Pacific Equity Alliance at +1 858-886-7237 http://www.pacificequityusa.com
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This communication contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of USA Real Estate Holding Company and members of its management as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions.
The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: USA Real Estate Holding Company